Venture Center
March 2023 Handouts:
Venture Center Presentation (Google Slideshow)
Answer to Participant Question about Wrap Rates
Related Links:
Accounting Basics
Accounting Basics Presentation (Google Slideshow)
Tax Summary
Small Business Taxes– Table summarizing taxes your small business is responsible for
Federal Taxes
Internal Revenue Service– administers all federal taxes
IRS Publication 334 Tax Guide for Small Business
Arkansas Taxes
Arkansas Sales and Use Tax- General Information including rates, due dates, etc.
Arkansas State Sales Tax Rates– Sales tax rates for the State (the State ONLY! County and City rates are the link below!)
Arkansas County & City Sales Tax Rates– Must add the state + County + City to get your total tax rate!
Arkansas What’s New in Sales Tax for 2021– the latest updates on Arkansas Sales Tax
Arkansas Gross Receipts Tax Rules (Sales Tax)– The rules for Sales Tax (was originally called Gross Receipts Tax)
Arkansas Food & Food Ingredients Sales Tax Guide– if you are selling food, this explains how certain foods can be taxed differently in Arkansas
Arkansas Taxpayers Access Point (ATAP)- where you apply for a sales tax permit and file sales tax returns. Also for applying for or paying employer’s withholding tax (payroll).
Arkansas Income Tax– Information on individual and business taxes in Arkansas
Arkansas Secretary of State Franchise Tax– the Secretary of State (SOS) is the department that creates business entities and collects annual franchise tax.
County & City Tax Links
(County assesses and collects property tax)
Carroll County Assessors Office
Washington County Assessors Office
Benton County Assessors Office
(Business licenses are required in most cities)
Employees
Employees vs. Independent Contractors– you don’t just get to pick one. The IRS will tell you which is which.
Related Blog Posts:
What It Took me 8 Years to Learn
Estimated Taxes for Individuals
Understanding the Balance Sheet
